Top VC Firms in Norway
The 25 highest-scoring venture funds headquartered in Norway, ranked from 46 eligible firms on a 110-point composite of portfolio outcomes, deal volume, risk adjustment and cheque-size fit.
FSN Capital invests in growth-oriented Northern European mid-market companies. They focus on supporting management teams to drive operational improvements and sustainable growth, creating long-term value.
Investments
55
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Statkraft Ventures invests in early and growth stage software- and hardware-focused start-ups in energy and climate tech in Europe and North America, with a fund focused on Norway and an international fund covering Europe and North America.
Investments
40
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
The team invests in startups and venture capital funds in the food and agriculture industry, focusing on agriculture and clean hydrogen sectors.
Investments
30
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Invests in companies that can contribute to Equinor's energy transition goals. Focuses on renewable energy, carbon capture, and energy efficiency technologies.
Investments
61
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
TQ Ventures appears to focus on early-stage consumer and healthcare companies, particularly in Norway and Germany. They invest in Series A and later stages.
Investments
69
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Aura Ventures is an early-stage venture capital firm that invests in technology-enabled companies across Australia and New Zealand. They focus on seed-stage, B2B software companies with global scaling potential, particularly in AI, compliance tech, and logistics.
Investments
28
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Idekapital invests in Norwegian companies. They focus on pre-IPO stage companies in sectors like commerce & marketing and industry & hardware.
Investments
18
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Hadean Ventures is a European venture capital fund manager with over EUR 230 million in assets under management. The firm invests across sectors and stages with a strong foundation and track record in life sciences.
Investments
31
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Invests in later-stage companies, primarily in the Industry & Hardware sector. Focuses on companies based in Spain.
Investments
20
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
RunwayVC is a venture fund investing in founders shaping industry, from pre-seed to Series A, in Norway and Europe.
Investments
29
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Invests in growth-stage software and developer tools companies, primarily B2B. Focuses on companies based in Norway.
Investments
27
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Investinor invests primarily in Norwegian startups, focusing on life sciences and innovative technology companies at seed to growth stages. Their aim is to support scalable businesses that contribute to sustainable long-term value creation.
Investments
116
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Norwegian Government Climate Investment Fund
Investments
39
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Climate Innovation Capital invests in mid-stage climate technology companies that create the foundation of a decarbonized global economy. They focus on commercially proven, scalable climate technologies that address large-scale inefficiencies, unlock business value, and reduce carbon as a direct outcome.
Investments
12
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
We invest in exceptional early-stage tech companies founded by entrepreneurs with global ambitions.
Investments
148
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Viking Growth invests in Nordic B2B software companies with €2–15M in annual revenue, focusing exclusively on business-to-business software across Norway, Sweden, Denmark, and Finland. The firm provides growth capital, takes board seats, and works hands-on with companies to accelerate international expansion and scaling.
Investments
30
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
SNÖ Ventures invests in early-stage B2B software companies, primarily in Norway. They focus on innovative solutions within the software and developer tools sectors.
Investments
28
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Equip Capital is a Nordic private equity firm that focuses on investments in small and mid-sized companies. They seek control positions in partnership with entrepreneurs and management teams within the consumer, industrials, and business services sectors.
Investments
19
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Investments
19
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Investinor AS focuses on accelerating Norwegian and international technology companies with global potential through growth capital in early to growth stages. They invest primarily in sectors with strong innovation and scalability, including energy, industrial tech, and healthtech.
Investments
114
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
DNV Ventures is DNV's global investment arm investing globally in B2B software and technology companies solving complex challenges across energy, maritime, cybersecurity, and industrial systems.
Investments
47
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Katapult Ocean is a global impact venture fund investing in high-growth companies transforming ocean industries and linked systems. It invests globally from hubs in Oslo, Singapore, and Cape Town, focusing on ocean and climate technology and supporting early-stage ventures through investment and accelerator programs.
Investments
24
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Wiski Capital invests in early-stage technology companies in Norway, seeking visionary entrepreneurs with strong execution capabilities. They aim to make a positive difference and actively collaborate with their portfolio companies.
Investments
20
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Arkwright X invests in early-stage B2B technology companies in the Nordics from Pre-seed to Series A with initial ticket sizes from 100 kEUR to 2 mEUR.
Investments
19
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Sarsia is an early-stage venture capital firm investing in Life Sciences focusing on unmet medical needs, and in Technology, Energy and Sustainability sectors primarily in the Nordic countries.
Investments
50
Portfolio Size
—
Exit Rate
—
Alive
—
Portfolio Status
Not enough tracked outcomes yet
Portfolio Liveness
No alive portfolio to assess
Score Breakdown
Methodology
What the score measures, who is eligible, and what it deliberately excludes.
- How is the Brouky score for Norway calculated?
- Each firm is scored out of 110 points across four measured components: portfolio outcomes (40), deal volume (30), risk adjustment (25) and cheque-size fit (15). The score is computed from tracked investments and portfolio company status. It is not editorial and firms cannot influence it.
- Which firms are eligible for the Norway ranking?
- Venture and corporate venture funds headquartered in Norway with at least 5 tracked investments. 46 firms qualify; the top 25 are listed. Angel investors, family offices, banks, accelerators and government vehicles are excluded because they are scored on a different basis and are not comparable.
- How often is the ranking updated?
- Scores are recomputed as new investments and portfolio outcomes are recorded, and this page refreshes daily.
- My fund's data looks wrong. Can it be corrected?
- Yes. Claim the fund's profile on Brouky to review the underlying investments and portfolio records, and the score updates from the corrected data.